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Skeeter Corporation wishes to purchase JPY in the forward market. Assume that contract maturity i...

Skeeter Corporation wishes to purchase JPY in the forward market. Assume that contract maturity is two years. USDJPY spot equals 103 and interest rates (annual compounding) in USD and JPY are 1 percent and 0.5 percent, respectively. Calculate forward price. (use x.xxxxxx)

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Answer #1

Abuo USD I / Q ニ41(101) anst inoslQH @o-sile.* 四051 snvest in Japa。 for 2 yeaus 2 2. 10-03 2 5 75 lot-983 Peice

Answer is 101.982722

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